RHB Retail Research
Trading Stocks - WTK
WTK formed a long white candle, indicating that the momentum of buying could be strong. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR0.635 level, with an exit set below the MYR0.585 threshold. Towards the upside, the near-term resistance is at MYR0.71. This is followed by the MYR0.76 level.
Source: RHB Securities Research - 2 Apr 2019
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